Deloitte named a global leader in Procurement Operations Consulting by Kennedy

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New York, NY, 2 February 2016 – Deloitte Touche Tohmatsu Limited (DTTL) is pleased to announce that Kennedy Research has named Deloitte member firms (Deloitte) a global leader in Procurement Operations Consulting by Kennedy. The report entitled Sourcing & Procurement Consulting: Procurement Operations 2015, notes that “procurement operations consulting is in a sweet spot that emerged following the global financial crisis and continues to maintain as companies seek to do more and be more responsive to dynamic market conditions.”

Specifically for Deloitte, Kennedy notes, “With the broadest offering in the competency area, Deloitte combines functional specialization with strength across the spectrum of procurement assets. The firm also leads in the development of proprietary tools designed to fill gaps in the asset portfolio and accelerate diagnostics during engagement delivery.”

"Global supply chains are under tremendous pressure from exceedingly complex supply market dynamics including volatility, innovation, globalization, consolidation and regulation. As a result, Spend Management Organizations are being challenged to 'step up' and deliver incremental enterprise value" said Brian Umbenhauer, Deloitte Consulting (US)'s Global Sourcing and Procurement Leader. "By supporting our clients with proven, industry-centric products and solutions, we are enabling our clients to accelerate innovation in their operations. We are thrilled that Kennedy recognizes Deloitte's cutting-edge investments and deep experience in sourcing and procurement to help clients' Spend Management Organizations play a more strategic role and exceed enterprise expectations."

The Kennedy Vanguard™ of Procurement Operations Consulting Providers assesses organizations in terms of their relative breadth and depth of Procurement Operations consulting capabilities. The report lays out the opportunities and challenges for Souring & Procurement Consulting providers focusing on market trends, client spending forecasts, and the provider landscape.

Additional Findings

“Deloitte organizes procurement operations services through the sourcing & procurement arm of its operations consulting practice and coordinates its offering through a network of four global centers of excellence charged with ensuring consistent service delivery across regions.”

“Believing that a secular increase in uncertainty necessitates new capabilities and a broader mandate for procurement, Deloitte employs its “True North” framework to guide clients in better integrating procurement with finance and risk management on the one hand and the supply chain and customers on the other. Critical in this context, for Deloitte, are three points.”

“One, the firm advocates much tighter alignment between procurement and finance and seeks to enable this through better visibility into the linkages between procurement targets and financial outcomes.”

“Two, Deloitte is a strong proponent of improving procurement’s technology assets and outsourcing resources. Examples include the firm’s S&P Dashboard for tracking spending and risk, D-ICE content extraction tool that uses IBM Watson natural language processing to evaluate invoices and contracts, and Process X-RAY tool for evaluating invoicing time stamps to evaluate handoffs and cycle times as a basis for improving the procure-to-pay process.”

“Three, Deloitte deploys a comprehensive training curriculum and lab for new CPOs to help clients improve their procurement talent.”

As used in this press release, “Deloitte” refers only to the DTTL member firms.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's more than 225,000 professionals are committed to making an impact that matters.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.